Tag: asset-management business

Activity, Corporate Banking

Wells Fargo sells its asset-management unit for $2.1B

February 23, 2021

Via: Banking Dive

Wells Fargo plans to sell its asset-management business to two private-equity firms — GTCR LLC and Reverence Capital Partners — for $2.1 billion, according to a statement Tuesday. The unit has $603 billion of assets under management and employs more […]